Maximizing Retirement Income By Using Roth IRAs And Roth 401(k) Accounts

SKU:

WC-1014009

Date / Time:

Recorded

Format:

Webinar

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Qty:

Description:

A major concern for many individuals is whether their retirement income is enough for them to live comfortably in their later years. One of the tools available that can be used to maximize retirement income is to take advantage of the tax benefits of Roth accounts. Many taxpayers can have a significant increase in their retirement income by receiving tax exempt income from Roth accounts.

This live webinar is designed to show how to maximize retirement income for some individuals by using Roth accounts and also to indicate situations when a Roth account will not increase retirement income. Learn how to use Roth accounts to make the most of a Roth conversion. The live webinar also shows how to modify or even undo a Roth conversion because of events occurring after the original Roth conversion.

We will also show how the timing of later distributions from Roth accounts can be used to maximize the benefits from having a Roth account.

Covered Topics:

Overview of Roth Accounts

Roth IRA Accounts

Roth 401(k) Accounts

Roth IRA Contributions

Eligibility to Contribute

Limits on Contributions

Returned Contributions

Recharacterized Contributions

Designated Roth Accounts (Roth 401(k) Accounts)

Eligibility to Contribute

Limits on Contributions

Converting to Roth IRAs and Designated Roth Accounts

Conversion

Factors to Consider Regarding If, When and How Much to Convert

Recharacterized Conversion

Reconversion After a Recharacterization

Comparison of Using Roth IRAs and Designated Roth Accounts

Other Items to Consider When Doing Roth IRA Conversions

Corrections Available When Things Go Wrong

Excess Contributions

Failed Conversion

Failed Rollover

Failed Reconversion

Rollovers

Roth IRA

Qualified Plan

Designated Roth Accounts

Recharacterized Contributions

Distributions

RMDs

Early Distributions

Taxability

Faculty

Kevin L. Wadle CPA

Director at CliftonLarsonAllen LLP in Peoria, IL

Extensive background in tax and benefit services, with an emphasis on qualified and nonqualified benefit plans

More than 30 years of experience in public accounting, including extensive experience in the design, implementation, operation, compliance and termination of qualified and nonqualified benefit plans; performed numerous IRS and DOL audits; and prepared numerous IRS and DOL submissions to maintain status of benefit plans

Member of American Institute of Certified Public Accountants, Illinois CPA Society

Received Elijah Watt Sells Award with high distinction for performance on the national CPA examination presented by American Institute of Certified Public Accountants for one of the highest scores in the nation

Outstanding candidate in Iowa for performance on the national CPA examination presented by the Iowa Accountancy Examining Board for the highest score in the State

B.A. degree in accounting, University of Northern Iowa

Cannot Attend The Live Presentation?

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